Episode notes
A $140 million Ponzi scheme led by Brant Frost IV through First Liberty Building and Loan has rocked Georgia’s GOP, exposing deep ties with the Frost family. Operating under a veneer of Christianity and conservatism, Frost allegedly defrauded over 300 investors from 2014 to June 2025. His son, Brant Frost V, and daughter, Katie Frost, hold key GAGOP roles, fueling calls for the party to sever ties. Despite a federal fraud investigation, Brant V launched Heartland Capital, prompting a subpoena from Secretary of State Brad Raffensperger for financial records. Raffensperger has urged returning Frost-related donations to aid victims, amplifying the scandal’s political fallout.
GAGOP Chairman Josh McKoon, closely linked to the Frosts, returned donations only after Brant IV invoked the Fifth Amendment, drawing criticism for delayed action. The At ...